⚡ Dogecoin Sparks Bullish Momentum — Will This Breakout Stick?

From $0.1950 versus the US Dollar, Dogecoin rose. DOGE is consolidating and may rise over $0.2250.

Above $0.2120, DOGE price rose again.
The price is above $0.2150 and the 100-hour SMA.

The hourly DOGE/USD chart shows a bullish trend line with support at $0.2150.

If it breaks $0.2250 and $0.2350 barrier, the price may rise again.

Dogecoin Maintains Value

Bitcoin and Ethereum prices rose over $0.2020, as did Dogecoin. DOGE cleared $0.2120 and $0.2150 barriers.

Clear break over $0.220. The price reached $0.2250. A high was achieved at $0.224, and the price is stabilizing above the 23.6% Fib retracement line of the upward trend from $0.1956 swing low to $0.2243 high.

Dogecoin is above $0.220 and the 100-hourly SMA. The DOGE/USD hourly chart shows a bullish trend line with support at $0.2150.

Near $0.2250 is immediate upward barrier. Bulls may see first resistance at $0.2320. Near $0.2420 is the next significant resistance. A closing above $0.2420 might push pricing above $0.250. More advances might push the price toward $0.2650. Bulls may halt at $0.2780 next.

Another DOGE Drop?
DOGE may fall again if it fails to get over $0.2250. Initial negative support is $0.2175. Near $0.2150 is the next important support.

The 50% Fib retracement level of the upward rise from the $0.1956 swing low to the $0.2243 high is $0.210, the key support. If the price breaks $0.2150, it might fall further. The price may drop to $0.2050 or $0.2020 in the short term.

Tech Indicators

DOGE/USD hourly MACD is rising in the positive zone.

Hourly RSI (Relative Strength Index): DOGE/USD is over 50.

Key Support Levels: $0.2175, $0.2150.

Major Resistance: $0.2250, $0.2320.

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